Mavis Tires & Brakes | 13702 Walsingham Rd
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Mavis Tires & Brakes 13702 Walsingham Rd
3,402 SF Retail Building Largo, FL 33774 £2,741,550 (£806/SF) 5% Net Initial Yield
Investment Highlights
- 2024 Construction - Tenant's latest prototype - 7 bays with ample parking
- Rare 20 year term with 10% rent increases every 5 years of the initial term and option periods - Inflation resistant lease structure
- Mavis is ranked top independent automotive service business in the United States with over 2,300 service centers in 39 states
- Absolute net lease structure requiring zero landlord responsibilities
- Premium location in tax free Florida | Fee simple ownership
- Affluent community: Average household income within a 3 mile radius: $91,720
Executive Summary
2024 Construction - Tenant's latest prototype - 7 bays with ample parking
Absolute net lease structure requiring zero landlord responsibilities
Rare 20 year term with 10% rent increases every 5 years of the initial term and option periods - Inflation resistant lease structure
Premium location in tax free Florida | Fee simple ownership
Mavis is ranked top independent automotive service business in the United States with over 2,300 service centers in 39 states
Walsingham Road provides ample traffic counts of 27,000 VPD+/-
Affluent community: Average household income within a 3 mile radius: $91,720
Population within a 3 mile radius exceeds 80,180 people | 170,027 people within a 5 mile radius
Neighboring national retails include: Walmart Neighborhood Market, Publix Super Market, Walgreens, CVS Pharmacy, McDonald's, Chase Bank, Taco Bell, Wendy's, Starbucks, 7-Eleven, KFC, and many more
Absolute net lease structure requiring zero landlord responsibilities
Rare 20 year term with 10% rent increases every 5 years of the initial term and option periods - Inflation resistant lease structure
Premium location in tax free Florida | Fee simple ownership
Mavis is ranked top independent automotive service business in the United States with over 2,300 service centers in 39 states
Walsingham Road provides ample traffic counts of 27,000 VPD+/-
Affluent community: Average household income within a 3 mile radius: $91,720
Population within a 3 mile radius exceeds 80,180 people | 170,027 people within a 5 mile radius
Neighboring national retails include: Walmart Neighborhood Market, Publix Super Market, Walgreens, CVS Pharmacy, McDonald's, Chase Bank, Taco Bell, Wendy's, Starbucks, 7-Eleven, KFC, and many more
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,402 SF
Building Class
C
Year Built/Renovated
1979/2024
Price
£2,741,550
Price Per SF
£806
Net Initial Yield
5%
NOI
£137,077
Tenancy
Single
Number of Floors
1
Building FAR
0.10
Lot Size
0.78 AC
Zoning
Commercial General, City
Parking
39 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Drive Thru
Walk Score ®
Very Walkable (79)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 18-30-15-00000-110-0100 | Improvements Assessment | £162,584 |
| Land Assessment | £454,656 | Total Assessment | £617,240 |
PROPERTY TAXES
Parcel Number
18-30-15-00000-110-0100
Land Assessment
£454,656
Improvements Assessment
£162,584
Total Assessment
£617,240
Contacts
-
Deno Bistolarides -
Michael Gaggo -
Brandon Hanna -
Encore Real Estate Investment Services
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Mavis Tires & Brakes | 13702 Walsingham Rd
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